UkrInform

Ukraine and world news. Ukrinform brings the latest news, daily news, political news, business news, social news, cultural news, sports news, international news

https://www.ukrinform.net/

Businesses downgrade their performance expectations - NBU.

In November 2021, businesses worsened their expectations for their performance and business prospects

This is evidenced by the business activity expectations index (BAEI), which the National Bank of Ukraine (NBU) calculates on a monthly basis, Ukrinform reports.

“In November, businesses downgraded their views about their economic outlook. This is evidenced by the business activity expectations index (BAEI), which the NBU calculates on a monthly basis. In November 2021, the index was 49.8, down from 51.4 in October, dropping slightly below its neutral level for the first time in the last seven months (since May 2021). Surging energy prices, shortages of raw materials, higher production costs and an increase in COVID-19 cases, both in Ukraine and globally, weakened expectations in most of the surveyed sectors,” reads the report.

In particular, services companies had the strongest response to tighter quarantine restrictions, downgrading their expectations of their economic performance.

It is noted that companies in all sectors continued to report intentions to raise their selling prices on the back of higher raw material and supplies prices. In addition, companies downgraded their employment expectations – respondents in all sectors reported no intentions to expand their workforces. Construction companies had the most pessimistic employment expectations, while services companies retained their neutral expectations.

The survey was conducted between November 4 and November 23, 2021 among 385 companies. Out of the companies polled, 43.4% are industrial companies, 28.6% - companies in the services sector, 5.5% - construction companies; 33.2% of the respondents are large companies, 30.4% medium companies, and 36.4% small companies.

iy

Related news

For four reasons, Russian economy on the brink of panic, Shelin says.

For four reasons, the Russian economy is on the brink of panic, something that threatens stock prices, ruble exchange rates and indeed all economic activity because it introduces elements of uncertainty that no one involved can afford to ignore, a...

Euromaidan Press

Ukraine’s export of goods grows by 38 percent

Ukraine’s export of goods grows by 38 percent

In January-November 2021, compared to the same period in 2020, Ukraine’s imports of goods increased by 33.8% to $64.87 billion, exports – by 38.2% to $61.27 billion.

UkrInform

BREAKING: Djokovic faces deportation after losing visa appeal.

BREAKING: Djokovic faces deportation after losing visa appeal.

Novak Djokovic will be deported from Australia and will not play in the Australian Open after losing his visa appeal to stay in the country. Three Federal Court judges upheld a decision to cancel the unvaccinated tennis star's visa on public inter...

Teenage pregnancies up in Africa due to COVID pandemic - DW News.

Teenage pregnancies up in Africa due to COVID pandemic - DW News.

The COVID-19 pandemic has affected the lives of many young girls. For months, schools were closed in hundreds of countries. As a result, there's been a rise in teenage pregnancies. The NGO World Vision says as many as one million girls across sub-...

1 22

After the killing of her husband, she raised five girls and achieved her dream │ Rooftop Revelations.

After the killing of her husband, she raised five girls and achieved her dream │ Rooftop Revelations.

ROOFTOP REVELATIONS: Day 56 with Pastor Corey Brooks #FoxNews #DigitalOriginals Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering breaking ne...

COVID-19: Boris Johnson is 'great for Labour', says Wes Streeting.

COVID-19: Boris Johnson is 'great for Labour', says Wes Streeting.

Shadow Health Secretary Wes Streeting says Boris Johnson's behaviour is 'great for Labour'. It follows several days' of revelations about the drinking culture inside Downing Street during the COVID lockdown. He also warned No 10 against lifting Pl...

1 12

COVID-19: Dowden backs PM but 'disgusted' by Downing St parties.

COVID-19: Dowden backs PM but 'disgusted' by Downing St parties.

Trevor Phillips’ 36-year-old daughter Sushila died in April last year after battling an eating disorder. She had isolated in line with the Government’s lockdown rules. Phillips asks Conservative Party Chairman Oliver Dowden if Boris Johnson unders...

Djokovic to be deported from Australia after losing visa appeal - DW News.

Djokovic to be deported from Australia after losing visa appeal - DW News.

Novak Djokovic says he is extremely disappointed that he faces deportation from Australia after losing his appeal against his visa cancellation. Three judges upheld the decision made by the country's immigration minister that the tennis star posed...